They LOST Money?!
.
Apple just announced great Ipod and MAC sales, huge profits and robust forecasts – and their stock went down.
What?
- MAC shipments increased 28 percent to 1.61 million machines last quarter. That was fewer than the 1.75 million computers Wall Street analysts had anticipated. Not what Apple said they’d sell; what guys like Gene Munster, an analyst at Piper Jaffray & Co. in Minneapolis, THOUGHT they should make. Strike One.
- Apple said iPod music player shipments will jump 50 percent jump to a record 22.1 million units. Sales for the current second quarter ending in March will be as much as $4.9 billion, Apple said in a statement, shy of the $5.23 billion average analyst estimate compiled by Bloomberg. Strike Two.
- Apple forecast profit of as much as 56 cents a share, compared with estimates for 60 cents. Strike Three.
Apple stock shot up 11% last week after the iPhone was announced. Now, it’s dropped 4.5% because of the three strikes.
Note: Apple did great, but sorry; the actual performance did not match overinflated Wall Street estimates. Let’s say, COULD not match.
So that guy Munster raised his price target to $124 from $99 today, saying the stock's decline is a "great buying opportunity.''
It sure is: for him and for his buddies, who made the stock lose value by overinflating expectations so that they could get rich. Maybe we can call that iFraud.
It’s so obvious.
I thought we had the SEC and laws about that…
Apple just announced great Ipod and MAC sales, huge profits and robust forecasts – and their stock went down.
What?
- MAC shipments increased 28 percent to 1.61 million machines last quarter. That was fewer than the 1.75 million computers Wall Street analysts had anticipated. Not what Apple said they’d sell; what guys like Gene Munster, an analyst at Piper Jaffray & Co. in Minneapolis, THOUGHT they should make. Strike One.
- Apple said iPod music player shipments will jump 50 percent jump to a record 22.1 million units. Sales for the current second quarter ending in March will be as much as $4.9 billion, Apple said in a statement, shy of the $5.23 billion average analyst estimate compiled by Bloomberg. Strike Two.
- Apple forecast profit of as much as 56 cents a share, compared with estimates for 60 cents. Strike Three.
Apple stock shot up 11% last week after the iPhone was announced. Now, it’s dropped 4.5% because of the three strikes.
Note: Apple did great, but sorry; the actual performance did not match overinflated Wall Street estimates. Let’s say, COULD not match.
So that guy Munster raised his price target to $124 from $99 today, saying the stock's decline is a "great buying opportunity.''
It sure is: for him and for his buddies, who made the stock lose value by overinflating expectations so that they could get rich. Maybe we can call that iFraud.
It’s so obvious.
I thought we had the SEC and laws about that…
posted by Greg Finnegan @ 12:33 PM
1 Comments:
At 10:01 AM,
Anonymous said…
Hmmmm....
The picture looks like something from the 60's TV show 'StarTrek'.
And, I hear Bill Gates is 'retiring' soon, so Mr. Jobs, (that sounds trekky too) will be able to ramp up his company to take on the Gatesland monopoly since the 'Godfather' will be leaving the rival 'Pirates of Silicone Valley' family.....
SRC - 01/2008
Post a Comment
<< Home